2023
Exports
$74.7MWorld Rnk 11 / 125
Flag Rnk 27 / 1096
2023
PRODUCT COMPLEXITY IN Steam Turbines
0.32Rnk 453 / 1025
2023
Imports
$14.4MWorld Rnk 44 / 186
Flag Rnk 376 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $74.7M in Steam Turbines, making it the 11th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 27th most exported product in Nigeria. The main destination of Steam Turbines exports from Nigeria are: Cameroon ($74.7M), United States ($22.3k), Uganda ($406), and Niger ($109).

The fastest growing export markets for Steam Turbines of Nigeria between 2022 and 2023 were Cameroon ($74.7M), United States ($22.3k), and Uganda ($406).

Imports In 2023, Nigeria imported $14.4M in Steam Turbines, becoming the 44th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 376th most imported product in Nigeria. Nigeria imports Steam Turbines primarily from: United Kingdom ($3.79M), India ($3.66M), China ($3.07M), Japan ($1.66M), and Italy ($1.24M).

The fastest growing import markets in Steam Turbines for Nigeria between 2022 and 2023 were United Kingdom ($3.43M), India ($1.53M), and Italy ($374k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Steam Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$74.7M
IMPORTS (2023)$14.4M
NET TRADE (2023)$60.3M

In 2023, Nigeria exported $74.7M in Steam Turbines. The main destinations of Nigeria exports on Steam Turbines were Cameroon ($74.7M), United States ($22.3k), Uganda ($406), and Niger ($109).

In 2023, Nigeria imported $14.4M in Steam Turbines, mainly from United Kingdom ($3.79M), India ($3.66M), China ($3.07M), Japan ($1.66M), and Italy ($1.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
Cameroon$74.7M (1%)
United States$22.3k (1%)
Uganda$406 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Nigeria WERE (2022 - 2023):
Malaysia-$28.6k (-100%)
India-$6.39k (-100%)
Ghana-$1.95k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Steam Turbines were:
In 2023, Nigeria's main importing competitors in Steam Turbines were:

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $15.7k
TOP IMPORT POTENTIALChina+ $1.59M

Steam Turbines’s highest export potential is India. With an export gap of $15.7k.   Steam Turbines’s highest import potential is China with an import gap of $1.59M.

See methodology.

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